The Association of School Business Officials International (ASBO) has awarded Joliet Township High School its Certificate of Excellence in Financial Reporting (COE) for demonstrating excellence in financial reporting and transparency based on the audit of the district’s Comprehensive Annual Financial Report for fiscal year ended 2020. This is the 34th year of program participation for JTHS, a reflection of the district’s commitment to fiscal integrity.
“The Comprehensive Annual Financial Report informs stakeholders about the financial and economic state of the district, making it an important communications tool for building trust and engaging with the school community,” said ASBO International Executive Director David Lewis.
By participating in the COE program, school districts demonstrate their commitment to financial transparency. Applicants submit their report for review by a team of financial professionals who provide feedback to improve future documents. If the report meets the requirements of the program, it may receive the Certificate of Excellence. A district’s participation in the COE program can facilitate bond rating and continuing bond disclosure processes.
“Joliet Township High School is committed to responsible financial management and transparency,” said Dr. Ilandus Hampton, Assistant Superintendent of Business Services. “An important aspect of this commitment includes the objective review of our Comprehensive Annual Financial Report by a team of professional auditors. This award provides proof of sound fiscal management, which is essential to providing the very best education for all students, particularly as we face the uncertainty brought on by the pandemic.”